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College Grove, WA 6230

Home » WA Real Estate Data » City of Bunbury, WA » College Grove, WA 6230

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for College Grove, WA 6230 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “College Grove, WA 6230”

  1. The total adult population (15 years or older) of College Grove 6230 WA is 1,539, with a median age of 38. Of those, 45.42% are married, 12.09% are divorced or separated, 40.16% are single and 2.53% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,556. The median monthly mortgage repayment for households in this suburb is $1,556 which is 18.19% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in WA, the suburb of College Grove 6230 is a quaint residential area home to approximately 530 households. As we move into Q3 of 2023, the property market landscape offers a promising outlook with typical house prices sitting at a comfortable $489,277. The area also boasts a steady median weekly rent of $425, generating an attractive indicative yield of 4.52%.

    From a socio-economic perspective, College Grove has an admirable IRSAD score of 979 out of 1217, illustrating the decent economic access and relative affluence of the community. Rental properties are seemingly less popular, as demonstrated by a renter to owner ratio of 20%, making it an attractive market for owner-occupiers and investors seeking areas with a stronger owner presence. The units to houses ratio hovers at a low 1%, indicating little competition from apartments in the market and more opportunities for longer tenancy periods in house rentals.

    Investments made in the location may yield a high return on investment as the affordability index for houses stands at 22 years, revealing high affordability prospects for potential homeowners. In terms of supply, the suburb is in a favourable position with a stock on market Percentage of just 0.57% and an inventory level of 1.44 months, indicating a controlled supply of properties that adequately meets the demand in the market.

    The building approvals Ratio for houses is equally promising at 0.75%. Though the average number of days houses stay on the market is relatively high at 134 days, the low vacancy rate of 0.94% (for both houses and units) suggests a steady demand for properties in the area. However, the buy search index for houses currently sits at 3, hinting that demand is somewhat subdued and may require further attention.

    With all these statistics in hand, potential investors and property buyers have a clear overview of the College Grove 6230 property market, aiding them to make informed decisions when looking into real estate options in this suburb. Remember, not every metric needs to be in the favourable range for a suburb to be considered a sound investment opportunity. Evaluating trends, alongside these statistics, also holds significant weight in an informed property investment decision-making process.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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